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So I've been thinking about buying an older E36 and I came across this 1994 318 sedan, auto, 160k, very clean! But anyways the seller says it goes into fail-safe mode or limo mode, whatever, every time you drive it and does not shift after 3rd gear. He says if you turn the car off and turn it back on it goes away.

Can anyone on here tell me what causes this and or how much it will cost to get fixed?